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Kenya: France Approves Sh28 Billion for Kenya's Infrastructure

Kenya has signed seven memorandums of understanding that will see the country receive upto 250 million euros (Sh28.8 billion). The agreements were signed after President Uhuru Kenyatta met his French counterpart Francois Hollande for bilateral agreements. The financing are a culmination of both grants and loans negotiated through the national Treasury to finance several infrastructure projects in the country. This is the first time the presidents of the two countries are meeting in fourteen years. Cabinet Secretaries Amina Mohamed, Henry Rotich, Najib Balala and Eugene Wamalwa have accompanied President Kenyatta on the state visit.Source: allafrica.com